All articles by Ed Devlin – Page 202
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NewsFmcg administrators hopeful of striking a rescue deal
A buyer is being sought to rescue a personal care and consumer goods business which supplies its products to supermarkets, pharmacies, discounters and wholesalers throughout the UK.
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NewsCity snapshot: Reckitt Benckiser raises full-year revenue targets
Reckitt Benckiser has defied the City yet again by continuing to beat analyst expectations with a 7% jump in like-for-like sales to £2.2bn in the third quarter.
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NewsMedia Bites 21 October: Mark Price, Kantar Worldpanel
There is only really one retail story dominating the papers this morning and that is the surprise news of Mark Price’s departure as MD of Waitrose
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NewsTDR backs Euro Garages in £1.3bn deal
Forecourt retailer Euro Garages has secured the backing of investment firm TDR Capital in a deal which values the business at £1.3bn.
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NewsVita Coco expands rapidly in UK
Sales and profits at coconut water brand Vita Coco have rocketed in the UK as consumers increasingly look to healthier alternatives to sugary drinks.
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NewsConditions remain tough for big four as discounters speed up growth again
Trading conditions for the big four supermarkets are showing no signs of improving as Aldi and Lidl ramp up growth again, according to the latest market share data.
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NewsMark Price to quit as Waitrose MD
Mark Price is to step down from his role as MD of Waitrose with retail director Rob Collins taking over next year, the retailer has confirmed.
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NewsDeals and discounters fuel UK growth at R&R Ice Cream
Ice-cream maker R&R Ice Cream has reaped the benefits of consolidation and the growth of the discounters as sales and profits in the UK soared by 25% and 90% respectively.
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NewsDanone baby food growth drives sales ahead of expectations
French food group Danone has beaten forecasts with like-for-like sales rising 4.6% in the third quarter thanks to double-digit growth in its baby formula division.
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News‘Green shoots’ appear for grocery sector – Begbies Traynor
The beleaguered UK grocery sector is showing the first “green shoots” of recovery as levels of failing businesses in the supply chain eased for the first time in more than two years.
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NewsCity snapshot: First signs of recovery for UK grocery industry
Stability is finally returning to the struggling UK grocery sector with the number of failing businesses within the UK food supply chain falling for first time in 27 months, according to Begbies Traynor.
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NewsMedia Bites 19 October: GCA, Tesco, Diageo, Megabrew
A rare quiet weekend in the papers for the retail industry but there are stories on the Groceries Code Adjudicator, Tesco’s Brand Guarantee scheme and more wine sell offs at Diageo.
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NewsNestlé scales back forecasts as Maggi food scare hurts sales
Food giant Nestlé has downgraded its full-year growth target as the Maggi noodles food scare in India continued to act as a drag on sales.
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NewsCity snapshot: Nestlé sales disappoint in the third quarter
Nestlé has reported disappointing third quarter figures as the withdrawal of its Maggi noodles in India and a slower-than-expected recovery in China took their toll.
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NewsMedia Bites 16 October: Diageo, pricing, WH Smith, McDonalds
A busy morning covering results from Unilever, WH Smith and Casino, along with rumours Diageo will sell its beer business and the government looking at ways for supermarkets to simplify pricing.
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NewsCity snapshot: Tesco vows to be cheapest on branded shop
Tesco has this morning announced the latest initiative of its fight to turnaround the company
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NewsMedia Bites 12 October: AB InBev, SABMiller, Tesco
The AB InBev and SABMiller takeover saga takes up lots of space in the papers ahead of the Wednesday bid deadline and funds in the US heap more woes on Tesco.
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NewsItsu bags £40m refinancing to take a bite out of overseas markets
Food-to-go chain Itsu has agreed a £40m bank refinancing package to help it implement a three-year expansion plan at home and abroad.
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NewsCrowdfunding push by chocolate venture Coeur de Xocolat
Coeur de Xocolat is the latest food & drinks business to turn to the crowd for cash to build its brand
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NewsWellness Foods makes healthy profits after brand sell off
Wellness Foods has generated profits of more than £50m and cleared its large debts thanks to the sales of the Rowse Honey and Dorset Cereals brands.